Realizing their existing process would eventually hamper—or even halt—expansion, BCU implemented BlackLine’s Account Reconciliations. Part of BlackLine’s cloud-based finance controls and automation platform, Account Reconciliations helps finance organizations like BCU automate reconciliations to increase efficiency, control, and visibility.
Prior to the rollout, O’Neill was charged with helping employees understand how using better technology could help the team stay ahead of the credit union’s continued growth. Automating the reconciliation process would also allow accountants to spend time on what they were trained to do—performing analytics, addressing discrepancies, and playing a more strategic role in BCU’s financial longevity—instead of repetitive, low-value tasks.
“We let people know that we didn’t want to grow first and then have to struggle to keep up. It was a balancing act trying to evolve, because not everybody can see light at the end of the tunnel,” said O’Neill. “But we’re getting there. People are starting to understand that using BlackLine is step in the right direction, as well as how accounting affects finance—and how that in turn affects the entire organization.”